Business Irish

Wednesday 20 November 2019

BT Ireland sales up 5pc in third quarter

Thomas Molloy

BT Ireland said sales jumped 5pc in the third quarter as all areas of the business posted growth.

Half of BT’s retail broadband customers in Northern Ireland now use fibre which is helping to drive sales, according to the company which employs 800 people in the Republic. BT is countering a decline in sales of traditional phone services with a £2.5bn fibre-optic rollout for faster Web speeds and expanding its TV offers.

BT said third-quarter profit across the group exceeded analysts’ estimates as the UK’s largest Internet service provider won more users for its television and high-speed broadband service.

Adjusted earnings before interest, taxes, depreciation and amortization rose 1.6pc to £1.55bn in the last three months of 2012. Analysts had predicted £1.53bn. Sales, excluding the impact of a regulatory decision, fell 6pc to £4.51bn, matching the average estimate by analysts.

The former phone monopoly added 60,000 subscribers for YouView since the video- on-demand service went on sale in October, and this summer, BT will release its new sports channel, which will feature Premier League soccer and Premiership rugby matches.

“Our fibre plans are helping to make the UK a broadband leader in Europe,” chief executive Ian Livingston said. “This gives us an excellent platform for our push into TV and sport later this year.”

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